Keyword
in
Collection
Date
to
Download Folder

0 items

Shop talks on economics
Image 24
Citation
MLA
APA
Chicago/Turabian
Marcy, Mary, 1877-1922. Shop talks on economics - Image 24. 1911. Special Collections, University of Houston Libraries. University of Houston Digital Library. Web. September 23, 2017. http://digital.lib.uh.edu/collection/scpamp/item/892/show/847.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Marcy, Mary, 1877-1922. (1911). Shop talks on economics - Image 24. Socialist and Communist Pamphlets. Special Collections, University of Houston Libraries. Retrieved from http://digital.lib.uh.edu/collection/scpamp/item/892/show/847

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Marcy, Mary, 1877-1922, Shop talks on economics - Image 24, 1911, Socialist and Communist Pamphlets, Special Collections, University of Houston Libraries, accessed September 23, 2017, http://digital.lib.uh.edu/collection/scpamp/item/892/show/847.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

URL
Embed Image
Compound Item Description
Title Shop talks on economics
Creator (LCNAF)
  • Marcy, Mary, 1877-1922
Publisher Charles H. Kerr & Company
Place of Creation (TGN)
  • Chicago, Illinois
Date 1911
Subject.Topical (LCSH)
  • Economics
  • Socialism
  • Marxian economics
Genre (AAT)
  • pamphlets
Language English
Type (DCMI)
  • Text
Original Item Extent 58, [6] pages; 18 cm.
Original Item Location HX86.M3 1911
Original Item URL http://library.uh.edu/record=b8304396~S11
Original Collection Socialist and Communist Pamphlets
Digital Collection Socialist and Communist Pamphlets
Digital Collection URL http://digital.lib.uh.edu/collection/scpamp
Repository Special Collections, University of Houston Libraries
Repository URL http://libraries.uh.edu/branches/special-collections
Use and Reproduction This item is in the public domain and may be used freely.
File Name index.cpd
Item Description
Title Image 24
Format (IMT)
  • image/jpeg
File Name uhlib_3783716_023.jpg
Transcript IV. How Profits Are Made. Many of us have been accustomed to think that profits are made from graft, from special privileges or from monopoly. We have talked so much of the thieving among capitalists that we have altogether overlooked the great, main method of profit taking. As Marx says, if you cannot explain profits on the supposition that commodities exchange at their values, you cannot explain them at all. And so we shall assume (as in truth they generally do) that commodities, on the average, exchange at their value. Suppose that it takes two hours of necessary labor to produce the necessaries of life for a workingman— or, in other words, two hours of labor a day to produce laboring-power. Suppjose too (as is very likely the case), that $2.00 in gold represents two hours of labor. Now the value of labor-power (which the working- man sells) is determined (as the values of all commodities are determined), by the social labor contained in it. It is represented by the necessities of life, produced by two hours of necessary labor a day. If the workman sells his labor-power at its value, he will receive in return a commodity containing two 22